Mazagon Dock was incorporated as a Private Limited Company in 1934. After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships and submarines for the Navy and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients. It is the only shipyard to build destroyers and conventional submarines to be used by the Indian Navy.

The business has 2 key operating divisions - Shipbuilding division that undertakes building and repairing of naval ships, whereas Submarine and heavy engineering division includes building, repairing, and refitting of diesel electric submarines.

The company's current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built total 795 vessels including 25 warships, from advanced destroyers to missile boats and 3 submarines. It has a maximum shipbuilding and submarine capacity of 40,000 DWT (Source: CRISIL Report).

Mazagon Dock shipyard is strategically located on the west coast of India, the sea route that connects Europe, Pacific Rim, and West Asia.

Competitive Strengths:

It is India's leading public sector defence shipyard company

It is equipped with world class infrastructure facilities

It is strategically located along the west coast of India, in Mumbai

It has a strong order book and financial position

Company Promoters:

The President of India acting through the Ministry of Defence, GoI.

Particulars	For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated)	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	209,660.28	208,479.34	193,703.72	193,911.65
Total Revenue	55,353.07	52,046.74	50,276.29	42,748.63
Profit After Tax	4,770.59	5,324.74	4,961.73	5,982.58

Objects of the Issue:

The net proceeds from the IPO will be used towards following objectives;
• To carry out the disinvestment plan of 30,599,017 equity shares by selling shareholders constitutes 15.17% of pre-offer equity share capital
• To achieve the benefits of share listing on the stock exchanges.

(Read Detailed Report)

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